Notice to Shareholders of the Criteria and Procedure for Nomination and Election of Board Members
Bank of AbyssiniaAmharic-language notice from the Company Secretary of Bank of Abyssinia S.C. published together with the notice of the 30th ordinary and 17th extraordinary general meetings, setting out the criteria and procedure for the nomination and election of the directors who will lead the bank for the next three years at the meeting of Meskerem 30, 2019 E.C. Issued under National Bank of Ethiopia directives SBB/91/2024 and SBB/89/2024 and the resolution of the 29th ordinary general meeting, it lists eleven eligibility and disqualification criteria for board candidates (including a minimum seven-year senior management record in banking, insurance, finance, accounting, economics, law, information technology, engineering, investment or sustainability, good repute, and absence of conflicting directorships, defaults, criminal convictions or regulatory disqualification) and fifteen procedural rules, among them that the board comprises twelve members of whom at least one third must be independent directors and the mix of one third each nominated by the outgoing board, by shareholders present, and by shareholders' representatives. The notice carries no printed publication date; the date above is the date the file was published on the bank's investor relations announcements page.
- Institution
- Bank of Abyssinia
- Type
- agm-notice
- Fiscal year
- 2018EC
- Published
- Language
- አማርኛ
- Pages
- 1
- File size
- 16.4 MB
- Source checked